FORM 10-Q

                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

(Mark One)

[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES  EXCHANGE
    ACT OF 1934

                For the quarterly period ended September 30, 2004

                                       OR

[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
    ACT OF 1934

             For the transition period from        to
                                           --------  --------
                        Commission file number: 333-76435


                 WNC HOUSING TAX CREDIT FUND VI, L.P., Series 7


                  California                          33-0761517
                (State or other jurisdiction of      (I.R.S. Employer
               incorporation or organization)        Identification No.)

                              17782 Sky Park Circle
                              Irvine, CA 92614-6404
                    (Address of principal executive offices)

                                 (714) 662-5565
                               (Telephone number)



Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the  preceding 12 months (or for such  shorter  period that the  registrant  was
required  to file  such  reports),  and  (2) has  been  subject  to such  filing
requirements for the past 90 days.

Yes          No     X
   ----------  ----------
Indicate  by check mark  whether  the  registrant  is an  accelerated  filer (as
defined in rule 12b-2 of the Exchange Act).

Yes          No     X
   ----------  ----------
<PAGE>

                 WNC HOUSING TAX CREDIT FUND VI, L.P., SERIES 7
                       (A California Limited Partnership)


                               INDEX TO FORM 10-Q

                    For the Quarter Ended September 30, 2004

PART I. FINANCIAL INFORMATION

   Item 1. Financial Statements

           Balance Sheets
            September 30, 2004 and March 31, 2004 .............................3

           Statements of Operations
            For the Three and Six Months Ended September 30, 2004 and 2003.....4

           Statement of Partners' Equity (Deficit)
            For the Six Months Ended September 30, 2004........................5

           Statements of Cash Flows
            For the Six Months Ended September 30, 2004 and 2003...............6

           Notes to Financial Statements.......................................7

   Item 2. Management's Discussion and Analysis of Financial
            Condition and Results of Operations...............................16

   Item 3. Quantitative and Qualitative Disclosures about Market Risk.........18

   Item 4. Controls and Procedures............................................18

PART II. OTHER INFORMATION

   Item 1. Legal ProceedingS..................................................18

   Item 2. Changes in Securities and Use of Proceed...........................18

   Item 3. Defaults Upon Senior Securities....................................18

   Item 4. Submission of Matters to a Vote of Security Holders................18

   Item 5. Other Information..................................................18

   Item 6. Exhibits...........................................................18

   Signatures.................................................................19

                                       2

<PAGE>

                 WNC HOUSING TAX CREDIT FUND VI, L.P., SERIES 7
                       (A California Limited Partnership)

                                 BALANCE SHEETS
<TABLE>
<CAPTION>
                                                                   September 30, 2004              March 31, 2004
                                                                 -----------------------        ----------------------
                                                                      (unaudited)                    (unaudited)
ASSETS
<S>                                                          <C>                            <C>
Cash and cash equivalents                                     $               1,032,853      $              1,133,246
Investments in limited partnerships (Note 3)                                 11,754,680                    12,291,007
Loans receivable (Note 2)                                                        83,538                        84,430
                                                                 -----------------------        ----------------------
                                                              $              12,871,071      $             13,508,683
                                                                 =======================        ======================
LIABILITIES AND PARTNERS' EQUITY (DEFICIT)

Liabilities:
   Payables to limited partnerships (Note 5)                  $                 283,273      $                345,823
   Accrued fees and expenses due to General
      Partner and affiliates (Note 4)                                            86,210                        86,613
                                                                 -----------------------        ----------------------
Total liabilities                                                               369,483                       432,436
                                                                 -----------------------        ----------------------
Commitment and contingencies (Note 6)

Partners' equity (deficit):
   General Partner                                                               (5,501)                       (4,926)
   Limited Partners (25,000 units authorized and 18,850
      units issued and outstanding at
         September 30, and March 31, 2004)                                   12,507,089                    13,081,173
                                                                 -----------------------        ----------------------
Total partners' equity                                                       12,501,588                    13,076,247
                                                                 -----------------------        ----------------------
                                                              $              12,871,071      $             13,508,683
                                                                 =======================        ======================
</TABLE>

                 See accompanying notes to financial statements
                                       3
<PAGE>

                 WNC HOUSING TAX CREDIT FUND VI, L.P., SERIES 7
                       (A California Limited Partnership)

                            STATEMENTS OF OPERATIONS

         For the Three and Six Months Ended September 30, 2004 and 2003
                                   (unaudited)
<TABLE>
<CAPTION>
                                                           2004                                        2003
                                          ----------------------------------------    -------------------------------------
                                            Three Months            Six Months         Three Months           Six Months
                                          -----------------      -----------------    ----------------       --------------
<S>                                    <C>                    <C>                  <C>                    <C>
Reporting fee                           $               -      $               -    $          11,787      $        11,787
Interest income                                     2,854                  5,839                4,534               11,141
                                          -----------------      -----------------    ----------------       --------------
                                                    2,854                  5,839               16,321               22,928
Operating expenses:
     Amortization (Note 3)                         13,595                 27,190               14,229               28,458
     Asset management fees (Note 4)                14,614                 29,753               14,614               28,904
     Legal and accounting fees                      2,967                 12,365               14,950               18,520
     Other                                            947                  7,369                1,673                3,830
                                          -----------------      -----------------    ----------------       --------------

       Total operating expenses                    32,123                 76,677               45,466               79,712
                                          -----------------      -----------------    ----------------       --------------

Income (loss) from operations                     (29,269)               (70,838)             (29,145)             (56,784)
                                          -----------------      -----------------    ----------------       --------------

Equity in losses of limited
   partnerships (Note 3)                         (251,910)              (503,821)            (222,363)            (444,725)
                                          -----------------      -----------------    ----------------       --------------

Net loss                                $        (281,179)              (574,659)            (251,508)            (501,509)
                                          =================      =================    ================       ==============

Net loss allocated to:
     General Partner                    $            (282)                  (575)                (252)                (502)
                                          =================      =================    ================       ==============

     Limited Partners                   $        (280,898)              (574,084)            (251,256)            (501,007)
                                          =================      =================    ================       ==============

Net loss per limited partnership unit   $             (15)                   (30)                 (13)                 (27)
                                          =================      =================    ================       ==============

Outstanding weighted average
   limited partner units                           18,850                 18,850               18,850               18,850
                                          =================      =================    ================       ==============
</TABLE>
                 See accompanying notes to financial statements
                                       4
<PAGE>

                 WNC HOUSING TAX CREDIT FUND VI, L.P., SERIES 7
                       (A California Limited Partnership)

                     STATEMENT OF PARTNERS' EQUITY (DEFICIT)

                   For the Six Months Ended September 30, 2004
                                   (unaudited)
<TABLE>
<CAPTION>
                                                        General             Limited
                                                        Partner             Partners                Total
                                                    ----------------     ----------------     ------------------
<S>                                              <C>                   <C>                 <C>
Partners' equity (deficit) at March 31, 2004      $         (4,926)     $    13,081,173     $       13,076,247

Net loss                                                      (575)            (574,084)              (574,659)
                                                    ----------------     ----------------     ------------------
Partners' equity (deficit) at September 30, 2004  $         (5,501)     $    12,507,089     $       12,501,588
                                                    ================     ================     ==================
</TABLE>
                 See accompanying notes to financial statements
                                       5

<PAGE>
                 WNC HOUSING TAX CREDIT FUND VI, L.P., SERIES 7
                       (A California Limited Partnership)

                            STATEMENTS OF CASH FLOWS

              For the Six Months Ended September 30, 2004 and 20003
                                   (unaudited)
<TABLE>
<CAPTION>
                                                                       2004                      2003
                                                                 ------------------       --------------------
<S>                                                          <C>                      <C>
   Cash flows from operating activities:
      Net loss                                                $           (574,659)    $             (501,509)
      Adjustments to reconcile net loss to net cash (used
         in) provided by operating activities:
         Amortization                                                       27,190                     28,458
         Equity in losses of limited partnerships                          503,822                    444,725
         Asset management fee                                                 (872)                         -
         Accrued fees and expenses due to General Partner
          and affiliates                                                       469                   (202,112)
                                                                 ------------------       --------------------

   Net cash used in operating activities                                   (44,050)                  (230,438)

   Cash flows from investing activities:
      Investments in limited partnerships, net                             (62,550)                  (655,822)
      Loans receivable                                                         892                    126,731
      Distributions from limited partnerships                                5,315                      2,927
                                                                 ------------------       --------------------

   Net cash used in investing activities                                   (56,343)                  (526,164)

   Net decrease in cash and cash equivalents                              (100,393)                  (756,602)
                                                                 ------------------       --------------------

   Cash and cash equivalents, beginning of period                        1,133,246                  2,246,731
                                                                 ------------------       --------------------

   Cash and cash equivalents, end of period                   $          1,032,853     $            1,490,129
                                                                 ==================       ====================

   SUPPLEMENTAL DISCLOSURE OF CASH
      FLOW INFORMATION
         Taxes paid                                           $                 -      $                    -
                                                                 ==================       ====================
</TABLE>
                 See accompanying notes to financial statements
                                       6
<PAGE>
                 WNC HOUSING TAX CREDIT FUND VI, L.P., SERIES 7
                       (A California Limited Partnership)

                          NOTES TO FINANCIAL STATEMENTS
                For the Quarterly Period Ended September 30, 2004
                                   (unaudited)

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
---------------------------------------------------
General
-------
The accompanying  condensed unaudited financial statements have been prepared in
accordance with accounting principles generally accepted in the United States of
America for interim financial information and with the instructions to Form 10-Q
for quarterly  reports under Section 13 or 15(d) of the Securities  Exchange Act
of 1934.  Accordingly,  they do not include all of the information and footnotes
required by  accounting  principles  generally  accepted in the United States of
America for complete  financial  statements.  In the opinion of management,  all
adjustments (consisting of normal recurring accruals) considered necessary for a
fair  presentation  have been included.  Operating results for the three and six
months ended  September 30, 2004 are not  necessarily  indicative of the results
that may be  expected  for the fiscal year ending  March 31,  2005.  For further
information, refer to the financial statements and footnotes thereto included in
the  Partnership's  amended annual report on Form 10-K for the fiscal year ended
March 31, 2004.

Organization
------------
WNC Housing Tax Credit Fund VI, L.P., Series 7, a California Limited Partnership
(the "Partnership"),  was formed on June 16, 1997 under the laws of the state of
California, and commenced operations on September 3, 1999. The effective date of
its  public  offering  pursuant  to the  Securities  and  Exchange  Commission's
approval of the Partnership's  Pre-Effective  Amendment No. 3 to Form S-11 filed
on July 16, 1999.

The  general  partner  is  WNC &  Associates,  Inc.  ("WNC")  or  (the  "General
Partner"),  a California  limited  partnership.  The  chairman and  president of
Associates own  substantially  all of the outstanding stock of WNC. The business
of the Partnership is conducted primarily through WNC, as the Partnership has no
employees of its own.

The Partnership shall continue in full force and effect until December 31, 2060,
unless terminated prior to that date,  pursuant to the partnership  agreement or
law.

The financial  statements  include only activity relating to the business of the
Partnership,  and do not give  effect to any assets that the  partners  may have
outside of their interests in the Partnership, or to any obligations,  including
income taxes, of the partners.

The  partnership  agreement  authorized the sale of up to 25,000 units at $1,000
per Unit  ("Units").  As of  September  30,  2004,  18,850  Units,  representing
subscriptions  in the amount of $18,828,790 net of dealer  discounts of $21,210.
The General Partner has a 0.1% interest in operating profits and losses, taxable
income and losses,  in cash available for distribution  from the Partnership and
tax credits. The Limited Partners will be allocated the remaining 99.9% interest
in proportion to their respective investments.

After the Limited  Partners  have received  proceeds from a sale or  refinancing
equal to their capital  contributions and their return on investment (as defined
in the  Partnership  Agreement)  and the General  Partner has received  proceeds
equal  to its  capital  contribution  and a  subordinated  disposition  fee  (as
described in Note 4) from the  remainder,  any  additional  sale or  refinancing
proceeds will be distributed 90% to the Limited Partners (in proportion to their
respective investments) and 10% to the General Partner.

                                       7
<PAGE>
                 WNC HOUSING TAX CREDIT FUND VI, L.P., SERIES 7
                       (A California Limited Partnership)

                    NOTES TO FINANCIAL STATEMENTS - CONTINUED
                For the Quarterly Period Ended September 30, 2004
                                   (unaudited)

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, continued
--------------------------------------------------------------
Certain Risks and Uncertainties
-------------------------------
An investment in the  Partnership  and the  Partnership's  investments  in Local
Limited  Partnerships  and their Housing  Complexes are subject to risks.  These
risks may impact the tax benefits of an investment in the  Partnership,  and the
amount of proceeds  available for distribution to the Limited Partners,  if any,
on liquidation of the Partnership's investments. Some of those risks include the
following:

The  Low  Income   Housing  Tax  Credits   rules  are   extremely   complicated.
Noncompliance  with these rules results in the loss of future Low Income Housing
Tax  Credits  and the  fractional  recapture  of Low Income  Housing Tax Credits
already taken. In most cases the annual amount of Low Income Housing Tax Credits
that an  individual  can use is limited to the tax liability due on the person's
last $25,000 of taxable income. The Local Limited  Partnerships may be unable to
sell the Housing  Complexes  at a price which  would  result in the  Partnership
realizing cash distributions or proceeds from the transaction.  Accordingly, the
Partnership  may be unable to distribute any cash to its limited  partners.  Low
Income  Housing Tax Credits may be the only  benefit from an  investment  in the
Partnership.

The Partnership has invested in a limited number of Local Limited  Partnerships.
Such  limited  diversity  means that the  results of  operation  of each  single
Housing  Complex  will have a greater  impact on the  Partnership.  With limited
diversity,   poor   performance   of  one  Housing   Complex  could  impair  the
Partnership's ability to satisfy its investment objectives. Each Housing Complex
is subject to mortgage  indebtedness.  If a Local Limited  Partnership failed to
pay its  mortgage,  it  could  lose  its  Housing  Complex  in  foreclosure.  If
foreclosure  were to occur during the first 15 years,  the loss of any remaining
future Low Income  Housing Tax  Credits,  a  fractional  recapture  of prior Low
Income Housing Tax Credits,  and a loss of the  Partnership's  investment in the
Housing   Complex  would  occur.   The  Partnership  is  a  limited  partner  or
non-managing  member  of  each  Local  Limited  Partnership.   Accordingly,  the
Partnership  will have very  limited  rights with respect to  management  of the
Local  Limited  Partnerships.  The  Partnership  will rely  totally on the Local
General  Partners.  Neither  the  Partnership's  investments  in  Local  Limited
Partnerships,  nor  the  Local  Limited  Partnerships'  investments  in  Housing
Complexes,  are readily marketable.  To the extent the Housing Complexes receive
government financing or operating subsidies,  they may be subject to one or more
of the  following  risks:  difficulties  in  obtaining  tenants  for the Housing
Complexes;  difficulties  in  obtaining  rent  increases;  limitations  on  cash
distributions;  limitations  on  sales  or  refinancing  of  Housing  Complexes;
limitations on transfers of interests in Local Limited Partnerships; limitations
on removal of Local  General  Partners;  limitations  on subsidy  programs;  and
possible changes in applicable regulations. Uninsured casualties could result in
loss of property and Low Income  Housing Tax Credits and recapture of Low Income
Housing Tax  Credits  previously  taken.  The value of real estate is subject to
risks  from  fluctuating  economic   conditions,   including  employment  rates,
inflation,  tax, environmental,  land use and zoning policies, supply and demand
of similar properties, and neighborhood conditions, among others.

The  ability of Limited  Partners to claim tax losses  from the  Partnership  is
limited.  The IRS may audit the  Partnership or a Local Limited  Partnership and
challenge the tax treatment of tax items.  The amount of Low Income  Housing Tax
Credits and tax losses allocable to the Limited Partners could be reduced if the
IRS were  successful  in such a  challenge.  The  alternative  minimum tax could
reduce tax benefits from an investment in the  Partnership.  Changes in tax laws
could also impact the tax benefits from an investment in the Partnership  and/or
the value of the Housing Complexes.

No trading  market  for the Units  exists or is  expected  to  develop.  Limited
partners  may be unable to sell  their  Units  except at a  discount  and should
consider their Units to be a long-term  investment.  Individual limited partners
will have no recourse if they disagree with actions  authorized by a vote of the
majority of Limited Partners.

                                       8
<PAGE>
                 WNC HOUSING TAX CREDIT FUND VI, L.P., SERIES 7
                       (A California Limited Partnership)

                    NOTES TO FINANCIAL STATEMENTS - CONTINUED
                For the Quarterly Period Ended September 30, 2004
                                   (unaudited)

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, continued
--------------------------------------------------------------
Method of Accounting for Investments in Limited Partnerships
------------------------------------------------------------
The Partnership  accounts for its investments in limited  partnerships using the
equity method of  accounting,  whereby the  Partnership  adjusts its  investment
balance for its share of the Local Limited  Partnerships'  results of operations
and for any  contributions  made and  distributions  received.  The  Partnership
reviews the  carrying  amount of an  individual  investment  in a Local  Limited
Partnership for possible  impairment whenever events or changes in circumstances
indicate that the carrying  amount of such  investment  may not be  recoverable.
Recoverability  of such investment is measured by the estimated value derived by
management,  generally  consisting of the sum of the remaining future Low Income
Housing  Tax  Credits  estimated  to be  allocated  to the  Partnership  and the
estimated  residual value to the Partnership.  If an investment is considered to
be impaired,  the impairment to be recognized is measured by the amount by which
the  carrying  amount of the  investment  exceeds  fair  value.  The  accounting
policies of the Local Limited  Partnerships are generally  consistent with those
of  the  Partnership.  Costs  incurred  by  the  Partnership  in  acquiring  the
investments  are  capitalized  as part of the  investment  account and are being
amortized over 30 years (see Note 3).

Equity in losses of Limited  Partnerships  for the periods  ended  September 30,
2004 and 2003 have  been  recorded  by the  Partnership  based on six  months of
reported  results  estimated  by  management  of the  Partnership.  Management's
estimate for the six-month  period is based on either actual  unaudited  results
reported  by  the  Local  Limited  Partnerships  or  historical  trends  in  the
operations of the Local Limited  Partnerships.  In subsequent  annual  financial
statements,  upon  receiving  the actual  annual  results  reported by the Local
Limited  Partnerships,  management  reverses its prior  estimate and records the
actual results reported by the Local Limited Partnerships. Equity in losses from
the Limited Partnerships  allocated to the Partnership are not recognized to the
extent that the investment  balance would be adjusted below zero. As soon as the
investment balance reaches zero,  amortization of the related costs of acquiring
the investment are  accelerated to the extent of losses  available (see Note 2).
If the Local  Limited  Partnerships  report  net  income in  future  years,  the
Partnership  will resume applying the equity method only after its share of such
net income  equals the share of net losses not  recognized  during the period(s)
the equity method was suspended.

Distributions  received by limited  partners are accounted for as a reduction of
the investment balance.  Distributions received after the investment has reached
zero are recognized as income.  For six months ended September 30, 2004,  $5,516
of  distribution  income  was  received  and  recorded  as a  reduction  of  the
investment balance.

Offering Expenses
-----------------
Offering  expenses are expected to consist of  underwriting  commissions,  legal
fees,  printing,  filing and  recordation  fees,  and other  costs  incurred  in
connection with the selling of limited partnership interests in the Partnership.
The General  Partner is obligated to pay all  offering  and  organization  costs
inclusive of selling commissions and dealer manager fees, in excess of 4% of the
total  offering  proceeds.  Offering  expenses  are  reflected as a reduction of
limited  partners'  capital and amounted to  $2,429,245 as of September 30, 2004
and March 31, 2004.

Exit Strategy
-------------
The IRS  compliance  period for Low Income  Housing  Tax  Credit  properties  is
generally  15 years from  occupancy  following  construction  or  rehabilitation
completion.  WNC was one of the first in the industry to offer investments using
the tax credit.  Now these very first programs are completing  their  compliance
period.

With that in mind, we are continuing our review of the  Partnership's  holdings,
with special  emphasis on the more mature  properties  including those that have
satisfied the IRS compliance requirements. Our review will consider many factors
including  extended  use  requirements  on the  property  (such as those  due to
mortgage  restrictions  or state  compliance  agreements),  the condition of the
property,  and the tax consequences to the limited partners from the sale of the
property.

                                       9
<PAGE>

                 WNC HOUSING TAX CREDIT FUND VI, L.P., SERIES 7
                       (A California Limited Partnership)

                    NOTES TO FINANCIAL STATEMENTS - CONTINUED
                For the Quarterly Period Ended September 30, 2004
                                   (unaudited)

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, continued
--------------------------------------------------------------
Upon identifying  those  properties with the highest  potential for a successful
sale, refinancing or syndication, we expect to proceed with efforts to liquidate
those  properties.  Our  objective is to maximize the Limited  Partners'  return
wherever  possible  and,  ultimately,  to wind down  those  funds that no longer
provide tax benefits to Limited  Partners.  However,  Local Limited  Partnership
interests  may be  disposed  at any  time by WNC in its  discretion.  To date no
properties in the Partnership have been selected.

Use of Estimates
----------------
The preparation of financial statements in conformity with accounting principles
generally  accepted in the United States of America requires  management to make
estimates  and  assumptions  that  affect  the  reported  amounts  of assets and
liabilities  and disclosure of contingent  assets and liabilities at the date of
the  financial  statements,  and the  reported  amounts of revenues and expenses
during the reporting  period.  Actual results could materially differ from those
estimates.

Cash and Cash Equivalents
-------------------------
The Partnership considers all highly liquid investments with original maturities
of three months or less when purchased to be cash  equivalents.  As of September
30, 2004 and March 31, 2004 the Partnership  had cash  equivalents of $1,033,000
and  $1,133,000,  respectively.  These amounts  consist  primarily of tax exempt
instruments   collateralized   by  tax  exempt   municipal  bonds  from  various
municipalities  throughout the United  States.  These  instruments  generate tax
exempt yields and generally mature in 35 days from date of acquisition.

Concentration of Credit Risk
----------------------------
At September  30, 2004,  the  Partnership  maintained  cash  balances at certain
financial institutions in excess of the federally insured maximum.

Net Loss Per Limited Partner Unit
---------------------------------
Net loss per limited  partnership  unit is  calculated  pursuant to Statement of
Financial  Accounting  Standards No. 128,  Earnings Per Share. Net loss per unit
includes no dilution  and is computed  by  dividing  loss  available  to limited
partners by the weighted average number of units outstanding  during the period.
Calculation of diluted net loss per unit is not required.

Income Taxes
------------
No provision for income taxes has been  recorded in the financial  statements as
any  liability  and/or  benefits  for income  taxes flows to the partners of the
Partnership and is their obligation and/or benefit.  For income tax purposes the
Partnership reports on a calendar year basis.

Reporting Comprehensive Income
------------------------------
The  Statement of Financial  Accounting  Standards  ("SFAS") No. 130,  Reporting
Comprehensive  Income  established  standards  for the  reporting and display of
comprehensive  income (loss) and its components in a full set of general-purpose
financial statements. The Partnership had no items of other comprehensive income
for all periods presented, as defined by SFAS No. 130.

                                       10
<PAGE>
                 WNC HOUSING TAX CREDIT FUND VI, L.P., SERIES 7
                       (A California Limited Partnership)

                    NOTES TO FINANCIAL STATEMENTS - CONTINUED
                For the Quarterly Period Ended September 30, 2004
                                   (unaudited)

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, continued
--------------------------------------------------------------
New Accounting Pronouncements
-----------------------------
As of March 31,  2004,  the  Partnership  adopted FASB  Interpretation  No. 46 -
Revised,  Consolidation  of  Variable  Interest  Entities  ("FIN46R").  FIN  46R
provides  guidance as to when a company should include the assets,  liabilities,
and  activities  of  a  variable   interest  entity  ("VIE")  in  its  financial
statements,   and  when  a  company  should  disclose   information   about  its
relationship  with a VIE. A VIE is a legal structure used to conduct  activities
or hold assets, and a VIE must be consolidated by a company if it is the primary
beneficiary  because a primary  beneficiary absorbs the majority of the entity's
expected losses, the majority of the expected residual returns, or both.

Under FIN 46R, the Local Limited  Partnerships in which the Partnership  invests
are VIEs. However,  management does not consolidate the Partnership's  interests
in these VIE's under FIN46R,  as the  Partnership  is not considered the primary
beneficiary.  Rather,  the  Partnership  currently  records  the  amount  of the
investment in the Local Limited  Partnerships  as an asset in the balance sheet,
and  recognizes  its share of Local  Limited  Partnership  income or loss in the
statement of operations.

The Partnership's balance in its investment in Local Limited Partnerships,  plus
the risk of recapture of tax credits previously recognized on these investments,
represents its maximum exposure to loss. The  Partnership's  exposure to loss is
mitigated  by  the  condition  and  financial   performance  of  the  underlying
properties,  as well as the  strength of the Local  General  Partners  and their
guarantee against credit recapture.

In May 2005, the FASB issued Statement of Financial Accounting Standards No. 154
(SFAS 154),  "Accounting  Changes and Error Corrections" which provides guidance
on the  accounting  for and  reporting of accounting  changes and  correction of
errors.  This  statement  changes the  requirements  for the  accounting for and
reporting  of a change in  accounting  principle  and  applies to all  voluntary
changes in  accounting  principle.  It also  applies to changes  required  by an
accounting pronouncement in the unusual instance that the pronouncement does not
include  specific  transition  provisions.   This  statement  is  effective  for
accounting  changes and  corrections  of errors made in fiscal  years  beginning
after December 15, 2005. The  Partnership  does not anticipate a material effect
upon the adoption of this statement.

NOTE 2 - LOANS RECEIVABLE
-------------------------
Loans  receivable  represent  amounts loaned by the Partnership to certain Local
Limited  Partnerships  in  which  the  Partnership  may  invest  or has  already
invested.   These  loans  are  generally   applied  against  the  first  capital
contribution due if the Partnership  ultimately invests in such entities. In the
event that the Partnership does not invest in such entities, the loans are to be
repaid  with  interest  at a rate,  which is equal  to the rate  charged  to the
holder.  At September 30, 2004, loans receivable and accrued interest thereon of
$83,538 were due from two Local Limited  Partnerships  in which the  Partnership
owns a 99.98%  interest (See Note 6). One of the loans in the amount of $75,545,
is in the form of a 20 year  promissory  note,  and is  subordinate to the first
mortgage on the  respective  property,  due in full on August 30, 2022 and earns
interest at a rate of 8% per annum.

                                       11
<PAGE>
                 WNC HOUSING TAX CREDIT FUND VI, L.P., SERIES 7
                       (A California Limited Partnership)

                    NOTES TO FINANCIAL STATEMENTS - CONTINUED
                For the Quarterly Period Ended September 30, 2004
                                   (unaudited)

NOTE 3 - INVESTMENTS IN LIMITED PARTNERSHIPS
--------------------------------------------
As of the period  presented,  the Partnership had acquired  limited  partnership
interests in thirteen Local Limited Partnerships, each of which owns one Housing
Complex  consisting  of an  aggregate of 452  apartment  units.  The  respective
general  partners  of the  Local  Limited  Partnerships  manage  the  day-to-day
operations  of the entities.  Significant  Local  Limited  Partnership  business
decisions require approval from the Partnership.  The Partnership,  as a limited
partner,  is generally  entitled to 99.98%,  as  specified in the Local  Limited
Partnership agreements,  of the operating profits and losses, taxable income and
losses and tax credits of the Local Limited Partnerships.

Following is a summary of the equity method activity of the investments in Local
Limited Partnerships for the periods presented below:
<TABLE>
<CAPTION>
                                                                   For the Six                 For the Year
                                                                   Months Ended                    Ended
                                                                September 30, 2004            March 31, 2004
                                                              -----------------------   ----------------------------
<S>                                                        <C>                         <C>
  Investments per balance sheet, beginning of period        $            12,291,007     $               13,010,788
  Capital contributions paid, net                                                 -                      1,009,095
  Equity in losses of limited partnerships                                 (503,821)                    (1,031,694)
  Distributions received from limited partnerships                           (5,316)                        (2,927)
  Amortization of capitalized acquisition fees and costs                    (27,190)                       (56,916)
  Impairment Loss                                                                 -                       (637,339)
                                                              -----------------------   ----------------------------
  Investments per balance sheet, end of period              $            11,754,680     $               12,291,007
                                                              =======================   ============================
</TABLE>

                                       12
<PAGE>
                 WNC HOUSING TAX CREDIT FUND VI, L.P., SERIES 7
                       (A California Limited Partnership)

                    NOTES TO FINANCIAL STATEMENTS - CONTINUED
                For the Quarterly Period Ended September 30, 2004
                                   (unaudited)

NOTE 3 - INVESTMENTS IN LIMITED PARTNERSHIPS, continued
-------------------------------------------------------
Selected  financial  information for the six months ended September 30, 2004 and
2003 from the unaudited combined condensed  financial  statements of the limited
partnerships in which the Partnership has invested is as follows:


                   COMBINED CONDENSED STATEMENTS OF OPERATIONS
<TABLE>
<CAPTION>
                                                                        2004                   2003
                                                                 -------------------    ------------------
<S>                                                           <C>                    <C>
         Revenue                                               $        1,350,000     $       1,344,000
                                                                 -------------------    ------------------
         Expenses:
           Interest expense                                               395,000               395,000
           Depreciation                                                   568,000               529,000
           Operating expenses                                             891,000               865,000
                                                                 -------------------    ------------------
             Total expenses                                             1,854,000             1,789,000
                                                                 -------------------    ------------------
           Net Loss                                            $         (504,000)    $        (445,000)
                                                                 ===================    ==================
         Net loss allocable to the Partnership                 $         (504,000)    $        (445,000)
                                                                 ===================    ==================
         Net loss recorded by the Partnership                  $         (504,000)    $        (445,000)
                                                                 ===================    ==================
</TABLE>

Certain Local Limited  Partnerships have incurred  significant  operating losses
and/or have  working  capital  deficiencies.  In the event  these Local  Limited
Partnerships continue to incur significant operating losses,  additional capital
contributions  by the  Partnership  and/or  the  Local  General  Partner  may be
required  to sustain  the  operations  of such Local  Limited  Partnerships.  If
additional  capital  contributions  are not made  when  they are  required,  the
Partnership's  investment in certain of such Local Limited Partnerships could be
impaired, and/or the loss and recapture of the related tax credits could occur.

                                       13
<PAGE>

                 WNC HOUSING TAX CREDIT FUND VI, L.P., SERIES 7
                       (A California Limited Partnership)

                    NOTES TO FINANCIAL STATEMENTS - CONTINUED
                For the Quarterly Period Ended September 30, 2004
                                   (unaudited)

NOTE 4 - RELATED PARTY TRANSACTIONS
-----------------------------------
Under the terms of the Partnership Agreement the Partnership is obligated to the
General Partner or its affiliates for the following items:

(a)  Acquisition  fees of 7% of the  gross  proceeds  from  the sale of Units as
     compensation  for services  rendered in connection  with the acquisition of
     Local  Limited  Partnerships.  As of September 30, 2004 and March 31, 2004,
     the  Partnership  incurred  acquisition  fees  of  $1,319,500.  Accumulated
     amortizations of these  capitalized  costs were $188,839 and $166,845 as of
     September 30, 2004 and March 31, 2004, respectively.

(b)  Acquisition  costs of 2% of the gross  proceeds  from the sales of Units as
     full  reimbursement  of costs incurred by the General Partner in connection
     with the  acquisition  of Local Limited  Partnerships.  As of September 30,
     2004 and March 31, 2004,  the  Partnership  incurred  acquisition  costs of
     $377,000.   Accumulated  amortization  was  $119,723  and  $114,527  as  of
     September 30, 2004 and March 31, 2004, respectively.

(c)  An annual asset  management  fee not to exceed 0.2% of the invested  assets
     (defined as the Partnership's  capital  contributions  plus reserves of the
     Partnership of up to 5% of gross proceeds plus its allocable  percentage of
     the mortgage debt  encumbering the housing  complexes) of the Local Limited
     Partnerships.  Asset  management  fees of $29,753 and $28,904 were incurred
     during the six months ended September 30, 2004 and 2003, respectively.  The
     Partnership paid the General Partner or its affiliates  $30,100 and $35,133
     of those fees  during the six months  ended  September  30,  2004 and 2003,
     respectively.

(d)  A subordinated  disposition fee in an amount equal to 1% of the sales price
     of real estate  sold.  Payment of this fee is  subordinated  to the limited
     partners  receiving a return on investment  (as defined in the  Partnership
     Agreement)  and is payable  only if the General  Partner or its  affiliates
     render services in the sales effort.

(e)  The  Partnership  reimburses  the  General  Partner or its  affiliates  for
     operating expenses incurred in behalf of the Partnership. Operating expense
     reimbursements are approximately  $19,790 and $17,001 during the six months
     ended September 30, 2004 and 2003, respectively.

The accrued fees and expenses due to the General Partner and affiliates  consist
of the following at:
<TABLE>
<CAPTION>
                                                                   September 30, 2004       March 31, 2004
                                                                  ----------------------   ------------------
<S>                                                            <C>                        <C>
         Insurance proceeds due to Local Limited Partnerships    $               20,839    $          20,839
         Payables to Local Limited Partnership                                       64                   64
         Organizational, offering and selling costs payable                       2,590                2,590
         Asset management fee payable                                            61,100               61,972
         Reimbursement for expenses paid by
          the General Partner or an affiliate                                     1,617                1,148
                                                                  ----------------------   ------------------
                                                                 $               86,210    $          86,613
                                                                  ======================   ==================
</TABLE>
                                       14
<PAGE>

                 WNC HOUSING TAX CREDIT FUND VI, L.P., SERIES 7
                       (A California Limited Partnership)

                    NOTES TO FINANCIAL STATEMENTS - CONTINUED
                For the Quarterly Period Ended September 30, 2004
                                   (unaudited)

NOTE 5 - PAYABLES TO LIMITED PARTNERSHIPS
-----------------------------------------
Payables  to limited  partnerships  represent  amounts  which are due at various
times  based on  conditions  specified  in the  respective  limited  partnership
agreements.  These  contributions  are payable in installments and are generally
due upon the limited  partnerships  achieving certain  development and operating
benchmarks (generally within two years of the Partnership's initial investment).

                                       15
<PAGE>

Item 2. Management's  Discussion and Analysis of Financial Condition and Results
        of Operations

Forward-Looking Statements

With  the  exception  of  the  discussion  regarding   historical   information,
"Management's  Discussion  and  Analysis of Financial  Condition  and Results of
Operations"  and  other   discussions   elsewhere  in  this  Form  10-Q  contain
forward-looking  statements.  Such statements are based on current  expectations
subject to uncertainties and other factors,  which may involve known and unknown
risks that could cause actual  results of operations to differ  materially  from
those  projected or implied.  Further,  certain  forward-looking  statements are
based upon assumptions about future events, which may not prove to  be accurate.

Risks and uncertainties inherent in forward-looking  statements include, but are
not  limited  to,  our  future  cash  flows and  ability  to  obtain  sufficient
financing, level of operating expenses, conditions in the low-income housing tax
credit property market and the economy in general, as well as legal proceedings.
Historical  results are not necessarily  indicative of the operating results for
any future period.

Subsequent  written and oral  forward-looking  statements  attributable to us or
persons  acting on our behalf  are  expressly  qualified  in their  entirety  by
cautionary  statements  in this Form 10-Q and in other reports we filed with the
Securities and Exchange  Commission.  The following discussion should be read in
conjunction  with the  Consolidated  Financial  Statements and the Notes thereto
included elsewhere in this filing.

The following discussion and analysis compares the results of operations for the
three and six months ended  September  30, 2004 and 2003,  and should be read in
conjunction   with  the  condensed   consolidated   financial   statements   and
accompanying notes included within this report.

Financial Condition

The Partnership's assets at September 30, 2004 consisted primarily of $1,033,000
in cash  and cash  equivalents,  aggregate  investments  in the  thirteen  Local
Limited Partnerships of $11,755,000 and $84,000 in loans receivable. Liabilities
at  September  30,  2004   primarily   consisted  of  $283,000  due  to  limited
partnerships, $65,000 of accrued asset management fees, commissions payable, and
reimbursements  due to the General Partner or affiliates and $21,000 in interest
and insurance proceeds payable to affiliates.

Results of Operations

Three Months Ended  September 30, 2004 Compared to Three Months Ended  September
30, 2003. The  Partnership's  net loss for the three months ended  September 30,
2004 was  $(281,000),  reflecting  an  increase  in loss of  $(30,000)  from the
$(251,000) net loss for the three months ended  September 30, 2003. The increase
in net loss was  primarily  due to an increase  of  approximately  $(30,000)  in
equity in losses of limited partnerships,  which increased to $(252,000) for the
three months ended September 30, 2004 from $(222,000) for the three months ended
September 30, 2003. The operating income was decreased by $(13,000) which mainly
due to a decrease  of  $(12,000)  in  reporting  fee and a decrease  $(1,000) in
interest  income.  The decrease in operating  income was offset by a decrease of
$13,000 in operating  expenses,  which is mainly due to a decrease of $12,000 in
legal and accounting expenses and a decrease of $1,000 in amortization and other
operating expenses.

Six Months Ended  September 30, 2004 Compared to Six Months Ended  September 30,
2003. The Partnership's net loss for the six months ended September 30, 2004 was
$(575,000),  reflecting an increase in loss of $(73,000) from the $(502,000) net
loss for the six months ended  September 30, 2003.  The increase in net loss was
primarily due to an increase of  approximately  $(59,000) in equity in losses of
limited partnerships, which increased to

                                       16
<PAGE>

Item 2. Management's  Discussion and Analysis of Financial Condition and Results
of Operations, continued

$(504,000) for the six months ended  September 30, 2004 from  $(445,000) for the
six months ended  September  30, 2003.  In addition to the increase in equity in
losses  from  limited  partnerships,  the  loss  from  operations  increased  by
$(14,000) to a loss of  $(71,000),  for the six months ended  September 30, 2004
from a loss of  $(57,000)  for the six months  ended  September  30,  2003.  The
increase in loss from  operations  was  primarily due to a decrease in reporting
fee income of $(12,000),  a decrease of $(5,000) in interest income, offset by a
decrease of $3,000 in  operating  expenses  due to a decrease of $6,000 in legal
and accounting fees and a decrease of $1,000 in  amortization  expense offset by
an increase of $(4,000) in asset  management fees and other  operating  expenses
for the six months ended September 30, 2004.

Cash Flows

Six Months Ended  September 30, 2004 Compared to Six Months Ended  September 30,
2003.  Net  cash  used  during  the six  months  ended  September  30,  2004 was
$(100,000),  compared to the net cash used in the six months ended September 30,
2003 of  $(757,000)  reflecting  a decrease  of  $(656,000)  net cash used.  The
decrease is  primarily  due to a  $(470,000)  decrease in cash used in investing
activities,  which is due to a  $(656,000)  decrease in  investments  in Limited
Partnerships and a $(2,000) increase in distribution from Limited  Partnerships,
offset by a $126,000  decrease  in loans  receivable  and a $62,000  increase in
notes  payable.  In  addition  to the  decrease  in net cash  used in  investing
activities,  there  was  also a  decrease  of  $(186,000)  in net  cash  used in
operating  activities  mainly due to a decrease of $(203,000) in accrue fees and
expense  due to  General  Partner  and  affiliates.  Additionally,  there were a
decrease of $1,000 in amortization  and a decrease of $1,000 in asset management
fee.

The Partnership  expects its future cash flows,  together with its net available
assets at September 30, 2004, to be sufficient to meet all currently foreseeable
future cash requirements.

Other Matters

During  the  year  ended  March  31,  2002,  WNC,  the  General  Partner  of the
Partnership  was  advised  that  Lake  Village   Apartments,   a  local  limited
partnership,  was in default  of certain  covenants  relating  to certain  loans
advanced for the  construction  of the  apartments.  The defaults were primarily
caused by the general  contractor  failing to complete the  construction  of the
development  according to the terms of the Lake Village  Apartment's loans. As a
result of the foregoing,  on June 30, 2002, the General  Partner of Lake Village
Apartments  was replaced by an entity wholly owned by two minority  shareholders
and officers of WNC & Associates  and a workout  agreement was executed with the
lender (the "Agreement"), whereby the General Partner of Lake Village Apartments
was  replaced  by  the  aforementioned  entity.  Pursuant  to the  terms  of the
Agreement,  the new general partner would  contribute  additional  equity to the
local limited partnership if necessary,  a new general contractor would complete
the  construction  of the  development,  and the lender,  upon  satisfaction  of
certain  conditions  of the  Agreement  as defined,  would  continue to fund the
completion of the  construction  and other costs.  In addition,  pursuant to the
Agreement,  the Partnership Agreement was amended, and the Partnership committed
and paid additional  capital  contributions of $855,628 as a result of obtaining
additional tax credits. Construction of the development was completed as of June
2002, at which time all construction loans converted to permanent financing.

As of September 30, 2004  occupancy  was 100% and as of December 2005  occupancy
was 52%. As of November 1, 2005 the Lake Village Apartments are being managed by
the Henry County Housing Development Group, Inc. (HCHD). As of December 2005 the
Partnership  has advanced Lake Village  approximately  $118,000.  These advances
were  used  to  fund  certain  recurring  and  nonrecurring  operating  expenses
consisting  primarily  of  mortgage  principal  payments,   property  taxes  and
insurance.

One Local Limited  Partnership,  ACN Southern Hills II, L.P. ("Southern Hills"),
in which the Partnership owns a 99.98% interest, had a construction loan payable
aggregating  approximately $1,100,000 as of December 31, 2001. Such construction
loan was due in March 2002 and was not repaid at that time.  In  September  2002
the loan  wassuccessfully  refinanced  with a first  mortgage of $463,000  and a
20-year loan of $80,000 from the Partnership to Southern Hills. The Partnerships
loan is  subordinate  to the first  mortgage  and  requires  payments to be made
monthly and at the end of the year from  available  cash flow.  The  Partnership
expects this loan to be collectible in full.  Southern Hills has been making all
payments on a timely  manner and as of September 30, 2004 is current on the loan
owing to the Partnership.

                                       17
<PAGE>

Item 3.  Quantitative and Qualitative Disclosures about Market Risk

         NOT APPLICABLE

Item 4. Controls and Procedures

As of the end of the period covered by this report,  the  Partnership's  General
Partner, under the supervision and with the participation of the Chief Executive
Officer and Chief  Financial  Officer of WNC carried  out an  evaluation  of the
effectiveness of the Fund's  "disclosure  controls and procedures" as defined in
Securities  Exchange  Act  of  1934  Rule  13a-15  and  15d-15.  Based  on  that
evaluation,  the Chief Executive  Officer and Principal  Financial  Officer have
concluded  that  as of  the  end of the  period  covered  by  this  report,  the
Partnership's  disclosure controls and procedures were adequate and effective in
timely  alerting  them  to  material  information  relating  to the  Partnership
required to be included in the Partnership's periodic SEC filings.

Changes  in  internal  controls.  There  were no  changes  in the  Partnership's
internal control over financial reporting that occurred during the quarter ended
September  30,  2004  that  materially  affected,  or are  reasonably  likely to
materially affect, the Partnership's internal control over financial  reporting.

Part II. OTHER INFORMATION

Item 1.  Legal Proceedings

         NONE

Item 2.  Changes in Securities and Use of Proceeds

         NONE

Item 3.  Defaults Upon Senior Securities

         NONE

Item 4.  Submission of Matters to a Vote of Security Holders

         NONE

Item 5.  Other Information

         NONE

Item 6.  Exhibits

31.1     Certification of the Principal Executive  Officer pursuant to Rule 13a-
         15(e)and 15d-15(e), as adopted pursuant to section 302 of the Sarbanes-
         Oxley Act of 2002. (filed herewith)

31.2     Certification of the Principal Financial Officer  pursuant to Rule 13a-
         15(e)and 15d-15(e), as adopted pursuant to section 302 of the Sarbanes-
         Oxley Act of 2002. (filed herewith)

32.1     Section 1350  Certification  of  the  Chief  Executive  Officer. (filed
         herewith)

32.2     Section 1350 Certification  of  the  Chief  Financial  Officer.  (filed
         herewith)
                                       18
<PAGE>

Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned, thereunto duly authorized.

WNC HOUSING TAX CREDIT FUND VI, L.P., Series 7
----------------------------------------------
(Registrant)

By:   WNC & Associates, Inc., General Partner of the Registrants



By:   /s/ Wilfred N. Cooper, Jr.
      --------------------------
Wilfred N. Cooper, Jr.
President and Chief Executive Officer of WNC & Associates, Inc.

Date:   January 10, 2006




By:  /s/ Thomas J. Riha
     ------------------
Thomas J. Riha
Senior Vice President and Chief Financial Officer of WNC & Associates, Inc.

Date:   January 10, 2006


                                       19